“Inflation is expected to remain in double digits for most of the year and may fall to around 9 percent by March, a survey among professional forecasters conducted by the Reserve Bank of India (RBI) showed.

The forecast for end 2008/09 is higher than the RBI’s projection of 7 percent and forecasters surveyed see a 40 percent chance of inflation falling within 9-9.9 percent in 2008/09.”